MS HB162

Authorizes courts to approve protective arrangements and transactions for persons with established need for guardianship or conservatorship without appointing a full-time guardian or conservator.

Allows courts to authorize, direct, or ratify transactions including property sales, mortgages, annuity contracts, trust establishment, and other arrangements necessary to meet the protected person's foreseeable needs.

Requires courts to consider creditors' interests, dependents' welfare, and whether continuing protection is needed before approving protective arrangements; permits appointment of a special conservator for single transactions with limited authority.

Modifies Mississippi Code Sections 93-13-38 and 93-13-259 to explicitly allow guardians and conservators to be appointed for a single transaction under the new authority.

Effective July 1, 2015.